Mahindra Financial to raise up to Rs. 2,000 crore via NCDs

(Unsecured Subordinated Redeemable Non-Convertible Debentures)

Mahindra & Mahindra Financial Services Limited (MMFSL) commenced its journey in the rural non-banking finance industry. It raise public issue of Secured NCDs for an amount up to Rs. 250 Crores (Base Issue Size) with an option to retain over subscription up to Rs. 1,750 Crores aggregating upto Rs. 2,000 Crores. The NCDs will be eligible for Tier II Capital.